The cash price of primary copper saw a 0.7 percent drop on the LME on Jan. 14, 2013–making it the biggest mover of the day. The 3-month price of copper weakened by 0.6 percent on the LME.
Chinese copper closed mixed yesterday. Weakening prices followed two days of improvement as the price of Chinese copper bar dropped 0.4 percent. The cash price of Chinese copper changed direction with a 0.4 percent drop. Following two days of rising prices, the price of Chinese copper wire dropped 0.3 percent. The price of Chinese bright copper scrap showed little movement on Monday.